Published: 19 Aug 2019 › Updated: 19 Aug 2019
BTCUSD August 19 2019 Daily Chart
- Short term ; Support 10100 & 9900 || Resistance 10500 & 10600.
- BTCUSD being held back recently by 200 SMA line ( white line at 10500 area) while interestingly create a higher low thus far.
- Death cross of 4 hour between 200 EMA (purple) & 51 EMA (red) is already occur since yesterday. Meaning a slight of change for bulls to regain it's bullish trend IF there's another significant price decline occur for current structure of price action for medium term. conversely break above it (EMA and SMA line) could result a rally for BTCUSD. which could bring the price action toward next pitchfork resistance (orange) at around 11000 usd price range for short term.
- volume is decline meaning a volatility isnt present yet as it's could either waiting for impulse movement in both way could occur.
- Indicators (from top to bottom) looks bullish on 4 hour. Although seems a struggle for bulls to regain it's trend back.
- RSI in between bullish and bearish area while still made a higher low so far. stochastic rsi also on bullish zone while it's prone to little side ways action for this indicator to rest before continue the upside momentum.
- DMI : +DI made a higher low so far. -DI (red color line/sell power) is still consider to give up it's bearish momentum while +DI (green color line/buy power) seems decline to crossover with each other, Momentum strength (white line) is failing so far for -DI. weakness for Bearish is to be seen.
- OBV histogram is made a higher low thus far and it's a good sign for bullish trend if this obv keep it's current level.
Thank you for your time to read this post and please take this idea as a grain of salt as reality always differ from what i expect as this post merely just an opinion.
and please feel free to share what your thought on comment section.
peace.
Leave BTCUSD August 19 2019 Daily Chart to:
Read more #chart posts
Best Posts From Mister Cat
We have not curated any of jumps's posts yet. But you can encourage our curation team to review posts by visiting them regularly and by referring other readers. Because we give priority to frequently read content.
More Posts From Mister Cat
- BTCUSD September 1 2019 Update
- BTCUSD August 30 2019 Daily Update
- BTCUSD August 29 2019 Comperhensive Daily Update : Bear is back in town. #2
- BTCUSD August 29 2019 Comperhensive Daily Update : Bear is back in town. #1
- BTCUSD 28 August 2019 Daily Update
- Silver/USD August 27 2019 Update
- BTCUSD August 27 2019 Daily Chart
- BTCUSD August 26 2019 Daily Chart
- XEMBTC August 25 2019
- STRBTC/XLMBTC August 25 2019 : Bullish point of interest.